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CALLAWAY 


AY 


MINING AND MANUFACTURING 


COMPANY. 

CHARTERED BY THE STATE OF MISSOURI. 

4 - •, \ 

t m m 

Capital 750,000 Dollars. 




DIKE 

ERSKINE HAZARD, 

W. S. ROBARTS, 

EPHRAIM CLARK, 

F. N. BECK, 


TOKS. 

BENJ. W. TINGLEY, 

R. B. DAVIDSON, 
GEORGE W. GORTON, 

S. P. HANCOCK. 


OFFICE, No. 1 FORREST PEACE, 

Back of 55 South Fourth St, Phila. 



i 

■h 


PHILADELPHIA: 

WM. F. MURPHY, STATIONER AND PRINTER, 

No. 116 CHESTNUT STREET. 

18 55. 






























INTRODUCTION. 


This Company owns, in fee simple, and free from all incum¬ 
brances, about three thousand acres of land in Callaway county, 
Missouri, which has been selected with special reference to its 
great mineral wealth, and embraces large masses or veins of 
Cannel and other coal, iron ore, of a rich quality, fire-clay, 
limestone, &c. The lands are situated on and near the Missouri 
River, about one hundred and twenty miles above -St. Louis. 
The coal beds are from three and a half to five miles from the 
river, and the openings are one hundred and eighty feet above 
the level of the river, to which there is a gradual descent from 
the mines. The coal has been penetrated in one place near the 
outcrop, and found to be twenty-four feet in thickness ; and in 
another place, three and a half miles distant, and found to be 
seventy-five feet in thickness, of solid Cannel coal, of the first 
quality. 

It is supposed by geologists to underlie the whole surface, 
and to be the largest body of Cannel coal in the world. The 
tract also embraces about three hundred acres on the bank of 
the Missouri river, at Cote Sans Dessein, valuable for depots and 
landings, and probably for a large town, as it is the only high 
ground for twenty miles up or down the river, a rock foundation, 
entirely above high w^er mark, and consequently neither subject 
to overflow nor to be undermined by the current. 

The route for a rail-road from the mines to the river has been 
surveyed, and the right of way obtained through the provisions 
of the charter; and the Company is now engaged in opening the 
mines, building, the road, &c. 



4 


The advantages possessed by this Company must be apparent 
on the mere recital of their prominent features, and present 
inducements for the investment of capital rarely to be met with. 
Inexhaustible beds of Cannel coal, of the finest quality, lying 
contiguous to navigable waters of vast extent, traversed by 
hundreds of steamboats requiring coal for fuel, and furnishing 
cheap transportation to the numerous foundries, manufactories 
and gas-works at St. Louis and other western cities, for all of 
which purposes the coal is admirably adapted, (to say nothing of 
the demand for parlor and domestic use, for which it is highly 
approved,) together with the richest iron ore and other minerals 
necessary for the profitable manufacture of iron, constitute the 
sources from which, with judicious management, under a liberal 
charter, rich returns are confidently expected. 

For more full particulars reference is made to the charter and - 
accompanying documents. 


CHARTER. 


AN ACT TO INCORPORATE THE CALLAWAY MINING AND MANUFAC¬ 
TURING COMPANY, VIZ: 

Be it enacted by the General Assembly of the State of Missouri , 

as follows: 

Sec. 1. That Edward Snyder, Daniel McCook, Isaac S. Clark, and 
C. A. Snyder and others, their associates and successors, are hereby 
constituted a body corporate and politic, and shall have perpetual 
succession by the corporate name of the Callaway Mining and Manu¬ 
facturing Company, and by that name shall have perpetual succession, 
and have power to contract and be contracted with, sue and be sued, 
plead and be impleaded, in all courts and places; have a common seal, 
and alter the same at pleasure; and shall have power to make by-laws, 
not inconsistent with the laws of this state or of the United States. 

Sec. 2. That said Company hereby incorporated, may appoint any 
one or more of its members, or other person or persons, to manage, 
control and direct the business and operations of said Company, 
according to the by-laws, rules and regulations of said Company. 

Sec. 3. That said Company are hereby empowered to construct and 
build a rail-road or rail-roads from their coal banks and manufacturing 
establishments in said Callaway County, to the Missouri River, at or 
near Cote Sans Dessein ; and the said Company are hereby empowered to 
acquire to themselves the right of way not exceeding fifty feet in 
width, through the whole route of said rail-roads, from the coal 
banks and manufacturing establishments aforesaid, to the Missouri 
River, at low water mark. And for the purpose of compensating the 
owner or owners of the land through which said rail-road' shall pass, 
if the same cannot be otherwise agreed upon, the said Company may 
apply to the Sheriff of the County of Callaway, to cause the damages 



6 


which any owner of the land may sustain by reason of said road 
passing over the same, to be assessed by a jury; whereupon the said 
Sheriff shall cause a jury of six good and lawful men, who shall not 
be of kin to neither the owner of said land, nor any member of said 
Company, who being by said Sheriff duly sworn to inquire of the 
damages, shall, upon actual view of the land und premises, certify the 
amount of damages which such owner may sustain by reason of the 
running of the rail-road; which certificate shall be signed by a 
majority of said jury, and shall also state the width and length of 
land applied for by said Company, and shall also contain a description 
of the same by metes and bounds, which finding and certificate of the 
jury shall be filed with, and recorded by the Recorder of Deeds of 
said Callaway County; and when the owner shall be paid the amount 
of damages, as assessed, shall vest the right of way in such described 
land in said Company; but said jury, in assessing such damages, shall 
take into consideration the amount which the owner of said land will 
be benefited, if any, by the erection of such manufacturing establish¬ 
ments, and by such rail-road, and deduct the same from the value of 
the land condemned for the right of way as aforesaid; Provided always, 
that the lands through which it may be necessary to construct said 
road, or other improvements, the title to which is vested in the govern¬ 
ment of the United States, feme coverts, minors or insane persons, the 
said Company, their agent or attorney, shall give notice of their 
intention to proceed, under provisions of this section, to condemn the 
land for the uses aforesaid, in some newspaper printed and in general 
circulation in said Callaway County, for at least three consecutive 
weeks previous to the day assigned by the said Sheriff for the empan- 
neling of the jury as aforesaid; and upon said Company, their agent 
or attorney, depositing in the Treasurer’s office, with the Treasurer of 
said County of Callaway, the amount of the damages so to be assessed as 
aforesaid, for the use or the government of the United States, or other 
persons owning said land, or their guardians, (if they have any,) then 
the right of way, or title to the land sought so to be obtained shall 
vest in said Company, their heirs or assigns. 

Sec. 4. The said Company are hereby empowered to make and erect 
as many depots, and of such dimensions as shall be necessary for the 
convenient use of said rail-road, and may acquire as much land as 
may be necessary by purchase or by an inquest of a jury, in manner 
and form as prescribed in the preceding section for obtaining the right 
of way; and after such an inquest in relation to the right of way a 3 
aforesaid, or in relation to the land necessary for a depot, or the erec- 


7 


tion of other necessary buildings for the convenient carrying on or 
management of the business of said Company, as aforesaid, if the 
amount of the damages assessed shall be duly paid or tendered to the 
owner or owners, their agents or attorneys, their guardians, or deposited 
in the manner prescribed in the proviso to the foregoing section, no 
writ of injunction, or other mesne or civil process shall prevent said 
Company, or othef persons acting under its authority, from making 
and using said rail-roads and depots, and other improvements, as 
aforesaid. 

Sec. 5. Said Company shall cause a book to be opened, subject at 
all times to the inspection of any member of said Company, which shall 
contain the names of all the members thereof, and the estimated shares 
of stock which each member may now or hereafter own; and said 
shares may be transferred on the books of said Company, in the manner 
prescribed in the by-laws of said Company; and each member shall 
share the losses of said Company, (if any,) in proportion to the 
amount of his capital stock, and share the profits in the same propor¬ 
tion ; and the members of said Company shall be held individually 
liable for the indebtedness of said Company, in proportion to the 
amount of capital stock severally held and owned by them. 

Sec. 6 . Said Company shall have the exclusive power to acquire, 
own and employ steam power or animal power, locomotive cars and 
carriages, necessary for the transportation of passengers, coal, and 
every description of personal property on said road, for themselves 
and all other persons. 

Sec. 7. The General Assembly hereby retains the power to repeal 
or amend this charter at any time. 

Sec. 8. This act shall be considered a public act, and pleaded in all 
courts of law and equity, and to take effect from and after the pas¬ 
sage thereof. 

[l. s.] Approved Feb . 16, 1847. 

Office of the Secretary of State. 

I, Falkland H. Martin, Secretary of State of the State of Missouri, 
do certify, that the foregoing act of the General Assembly of the 
State of Missouri, entitled an Act to incorporate the Callaway Mining 
and Manufacturing Company, approved February 16, 1847, is a true 
copy of the original roll now on file in this office. In testimony 
whereof, I have hereunto set my hand and affixed the seal of said office. 

Done at the City of Jefferson, this twenty-second day of March, 

A. D. 1847. 


Falkland H. Martin, 

Secretary of State. 


8 


An Act to amend an Act entitled u An Act to Incorporate the Callaway 
Mining and Manufacturing Company” Approved Feb. 16^A, 1847. 

Be it enacted by the General Assembly of the State of Missouri } as 

follows: 

Sec. 1. Said Company shall cause a book to bo&opened, subject at 
all times to the inspection of any member of said Company, which 
shall contain the names of all the members thereof, and the estimated 
shares of stock which each member may now or hereafter own; and 
said shares may be transferable on the books of said Company, in the 
manner prescribed in the by-laws of said Company; and each member 
shall share the losses of said Company, if any, in proportion to the 
amount of his capital stock, and share the profits in the same proportion. 

Sec. 2. The fifth section of the act to which this is amendatory, is 
hereby repealed. This act to take effect and be in force from and after 
its passage. 

Approved February 17 th, 1851. 


Missouri . Office of Secretary of State, 

City of Jefferson. 

I, Ephraim B. Ewing, Secretary of State, do certify, that the 
foregoing act of the General Assembly, entitled a An Act to amend 
an act entitled An Act to Incorporate the Callaway Mining and Manu¬ 
facturing Company, approved February 16th, 1847,” approved 
February 17th, 1851, is a true and perfect copy of the original roll on 
file in this office. 

In testimony whereof, I have hereunto set my hand, and affixed 
the seal of said office, at the City of Jefferson, the 4th day 
of March, A. D. 1851. 

Ephraim B. Ewing, 

Secretary of State. 



9 


REPORT 

OF 

THE CANNEL COAL BED. 

IN THE STATE OF MISSOURI, CALLAWAY COUNTY. 

BY THOMAS S. RIDGEWAY, Jun., Mining Engineer. 


Haying been employed to make out a report of the mineral wealth 
of townships 44 and 45 N., of the County of Callaway, in the State of 
Missouri, embracing more particularly the Cannel coal, iron ore and 
limestone of said townships, I now proceed to lay before you the result 
of my observations. In order to form a proper idea of the amount of 
Cannel coal in the within named townships, it is only necessary to 
ascertain the thickness of the beds, and the general direction and dip 
of each stratum, conforming with the inclination of the associated 
rocks. 

I found the mammoth bed of Cannel coal to be twenty-four feet in 
thickness, five and a half miles from the Missouri river, upon one of 
its tributary streams, in a position suitable for mining a large quantity 
per day, and am satisfied that this bed underlies nearly the whole of 
your land. 

The course of th^ outcrop must be traced from close observation, as 
not any direct line can be established, from the fact that the outcrop 
runs in a zigzag line, conforming to the slopes of the hills, in shape 
something like the outline of the flitter cake. The coal, at this 
opening, mines beautifully, and comes out in large blocks of a mer¬ 
chantable character. Its fracture is concoidal and clear; colour, 
brownish black, and does not soil the fingers when handled. 

I visited the Mastodon bank of Cannel coal, and found a shaft sunk 
upon it to the depth of forty-six feet, a square opening sixteen by six 
feet. The outcrop of the coal exposed here is thirty-six feet in length 
one way, and eighty feet in another direction, to a amall shaft sunk 
upon it, eighteen feet deep. The coal here is of the finest quality, 
and some of the top layers are of the richest quality, of what is known 
by the name of bituminous coal. One seam eight feet thick, and 
another five feet. The coal may be very readily mined here for one cent 
per bushel. * 



10 


I visited six openings in two small beds, and five places where large 
specimens of iron ore are to be seen, of the very best quality, all upon 
your land. I am satisfied that if openings were made upon the beds 
of iron ore, that there would be large developments of this mineral of 
the richest silicious red oxide, suitable to manufacture the finest wire, 
or make the best of steel. 

In the group of rocks, I have been able to ascertain that there are 
two distinct beds of coal. The lower bed, twenty-four feet thick and 
upwards, at the mammoth bank, the other near the top of the group, 
containing two feet of solid Cannel coal, and about six feet of superior 
bituminous coal. Between these two beds of coal are several beds of 
iron ore of the character of silicious red and brown oxide. One which 
we have opened is about one foot in thickness, coming out in detached 
nodules, and found in claret-coloured, yellow and variegated shales. 
The other bed of iron ore, its thickness not ascertained. 

There are some deposits of argilaceous bog iron ore, which may be 
useful in mixing with the other ores. Some of the ore is embodied in 
red, yellow and variegated shales, easily mined. The associated rocks 
are gray, brown and white andstones, suitable for building purposes 
and furnace stacks. There is also fire-clay in abundance. The hills 
are capped with a hard flint stone, containing many fossil shells, 
encrinites, &c. Near this flint, perhaps under it, appears to be a bed 
fossiliferous reddish brown oxide of iron. Under this is a heavy 
massive bed of limestone, fossiliferous, and seams of it are suitable 
for fluxing furnaces. 

The juxtaposition of these valuable minerals will cause the townships 
’forty-four and forty-five, of Callaway county, at some future day to be 
of great value, as regards the manufacture of iron and mining of coal. 

The hill at Cote Sans Dessein, which is immediately alongside of 
the Missouri river, and a permanent place of landing, is composed of 
a beautiful buff-coloured sandstone, suitable for building purposes, and 
is identical with the bed of sandstone from which the architect of the 
capitol, at Jefferson city, selected the stone for the front of that 
building. This spot would do well for a small town, as there is not 
any other place of landing for twenty miles, up or down the river. 

The soil of the country is good, extending to the tops of the hills. 
A large quantity of corn and tobacco is raised, and the woodland is 
well calculated for grazing. Timber, white oak, red oak, hickory, 
walnut, cherry, maple, &c. 

I believe that the lowest be£ of Cannel coal in the group is the 


/ 


11 


largest deposit in the world. The heds of Cannel coal upon the eastern 
continent are thin layers from eight inches to two and three feet in 
thickness, associated with other coal. But this deposit is twenty-four 
feet thick at the Mammoth bed, and forty-six feet at the MasCodon 
bed, of pure Cannel coal, and, according to the analysis of Professors 
Booth & Boye, analytical chemists, of Philadelphia, the coal must be 
of a superior quality. 

The advantages of Callaway county for the manufacture of iron, are 
of the first consideration to capitalists, on account of the scarcity of 
iron-blast furnaces in the state of Missouri, the great advantage of 
transporting the article of iron upon the Western waters, the country 
to be supplied, and the high price of the metal in the city of St. Louis. 
The pig metal now used at St. Louis is manufactured at Hanging Rock, 
in the state of Ohio, or in the state of Tennessee, and costs at the rate 
of from $4 to $8 per ton freight, depending upon the stage of the 
water. There is but one iron furnace in blast in the state of Missouri. 

Steamboats run from St. Louis to Cote Sans Dessein in a day and a 
half, and return in the short space of ten to twelve hours. I do not 
know of any point upon the western waters more suitable to manufac¬ 
ture iron. The products of the county are corn, hemp, oats, live-stock, 
and principally tobacco, a share of which is shipped from Cote Sans 
Dessein landing, being a better landing than any for twenty miles up 
or down the river. 

All of which is respectfully submitted. 

Thomas S. Ridgeway, Jun., Mining Engineer. 

Reading , Pa. 

Dear Sir: 

I received yours of yesterday, and in reply to the inquiry respecting 
Mr. Ridgeway, it gives me pleasure to be able to state, that I consider 
him well qualified to make a geological survey of any coal measure or 
district anywhere. He possesses practical and scientific knowledge in 
this line of a high order, and I would not hesitate to employ him in a 
job like yours. 

From the analysis of the sample by Booth & Boye, I consider the 
coal well adapted to the manufacture of iron, and would deem it more 
of the splint than the Cannel character, the former being the most 
valuable for this purpose—the latter too highly bituminous. The 
ashes ought to be white or fawn colour, or light, and not red. 

Very respectfully, yours, 

Gr. N. Eckert. 



12 


CALLAWAY COUNTY CANNEL COAL. 


Statement made June, 1847, 

This Cannel coal is located in Callaway county, in the state of 
Missouri, from three and a half to five miles from a point called u Cote 
Sans Dessein” on the Missouri river. The lands, including the coal 
and iron beds, contain about fifteen hundred acres. 

The nearest bed of coal to the landings has been shafted to the depth 
of forty-six feet, and has not reached through to the bottom. The 
coal crops out at several places, and at the bed known as “ The 
Mammoth ” stands exposed, uncovered to view like an immense rock. 

This coal is of the purest quality, and maybe applied to any purpose 
for which coal can be used;—using the language of professor Johnson: 
“It is in a remarkable manner adapted to the purposes of western 
steamboats,” and bears transportation better than any other sample of 
bituminous coal that came under his notice. It is highly commended 
for foundry purposes, and the manufacture of iron, being nearly free 
from sulphur, an article very injurious to iron. It has been found a 
superior article for making gas; and for domestic purposes it is spoken 
of with admiration, and commended as incomparable for the culinary, 
the stove and grate. 

From the explorations and report of Mr. Ridgeway, (who was sent 
to the lands for the special purpose,) it appears, that iron ore of a 
superior quality abounds in the immediate vicinity of the coal; lime¬ 
stone, sandstone, and fire-clay can be had within the short space of 
one mile, so that all the materials necessary for the smelting and 
manufacture of iron are so nearly found together, that if iron can be 
manufactured to advantage, it must be at this place; and at St. Louis 
there is an excellent market for the article at all times. 

We have a right of way for a rail-road and landings at u Cbte Sans 
Dessein ” on the river, where a town must necessarily spring up, if the 
rail-road to the mines is made, and business done, mills and furnaces 
built, &c. At this point, people from the interior bring their tobacco 
and produce, and ship it for St. Louis; and being near the mouth of 
the Osage river, (see map,) which is navigable, and running through 
a fine country, rapidly filling up with an industrious population; and 



13 


the lands about the mouth of the Osage being low, and subject to 
overflow, will oblige business to a large amount to be transacted at our 
landings, provided the proper accommodations and inducements are 
there held out for that purpose. 

The demand for this coal at St. Louis alone could not well be 
supplied by one company, when properly introduced, as steamboats 
may (and probably will) load enough there to take them to New Orleans, 
without stopping on the way to wood, which would be to them a great 
saving in time and expense, and avoid many accidents that happen to 
their boats by snags and explosions. 

C. A. Snyder, 

One of the Commissioners named 
in the act of Incorporation. 


Dauphin County , ss.—Personally appeared before me, the subscriber, 
one of the Judges of the Court of Common Pleas of said County, 
Charles A. Snyder, Esquire, who being by me duly affirmed, according 
to law, doth depose and say, “ that the facts set forth in the preceding 
paper are true, to the best of his knowledge and belief.” In testimony 
whereof, I have hereunto set my hand and seal, at Harrisburg, the 
23d day of June, Anno Domini, 1847. 

Wm. Dock, [l. s.] 


Pennsylvania , Dauphin County , ss.—I, Wm. D. Boas, Protbonotary 
of the Court of Common Pleas of said County, do certify, 
[L. s.] that William Dock, Esq., whose name appears to the above 
affidavit, is one of the Judges of said Court, to all whose 
official acts due faith and credit is, and of right ought to be given, as 
well in courts of justice as elsewhere. In testimony whereof, I have 
hereunto set my hand and seal, at Harrisburg, this 23d day of June, 
Anno Domini, 1847. 

Wm. D. Boas, Proth’y. 


Statement made July, 1847. 

City of New York, ss— Personally, appeared before me, Joseph 
Strong, a commissioner of deeds, Isaac S. Clark, who being by me 
duly sworn, according to law, doth depose and say, “that he has care- 



14 


fully read over the within statement of Charles A. Snyder, Esq., 
relative to the Callaway county Carmel coal, and entirely concurs with 
him, believing every part of his statement to be correct and true. 
And he further states, that he has spent several years in the immediate 
vicinity of said coal beds; that he first discovered and opened them; 
that he assisted in sinking a shaft to the depth of forty-six feet into 
the bed known as the Mastodon Vein , without reaching through to the 
bottom; and also sunk a shaft to the depth of twenty-four and a half 
feet through the Mammoth Vein , both of pure Cannel coal. 

The mammoth vein is about three and a half miles from the mastodon 
vein; and from the curve and dip of the two veins where they crop 
out, it is evident that they are connected, and that they form a basin, 
underlaying the whole intermediate surface. The inclination of the 
strata at the mammoth vein is in the direction of the mastodon vein, 
and, vice versa , the inclination at the mastodon vein is in the direction 
of the mammoth vein. 

The strata lie corresponding to the dip, and not on the edge, varying 
in thickness from four to eleven feet, and the seams between them are 
distinctly visible on the sides of the shaft and drift, at the mastodon 
vein, at an inclination of thirty to forty degrees. 

The distance of the mastodon vein from Cote Sans Dessein, on the 
Missouri river, is about three and a half miles, between which points 
a rail-road can be constructed at a moderate expense, the surface of 
the country being naturally adapted for that purpose, and requiring 
but a small expense to grade the track; and timber of various kinds, 
suitable for the same, abounds on both sides of the contemplated 
rail-road. 

The landing is on a rock shore, elevated entirely above high water 
mark, and possesses advantages, in that respect, over any other point, 
for twenty miles up or down the river. 

A steam saw-mill for sawing the timber for the rail-road, and other 
lumber for mining operations, could be placed about half way from 
the mines to the landing, where there is water sufficient for supplying 
the engine, at all seasons of the year, as well as the best of saw timber 
in abundance, and conveniently situated. 

This property contains the largest bodies of Cannel coal within my 
knowledge, and much nearer to navigable waters than any other. 

Iron ore, of a rich quality, (red oxide,) is also found in many places, 
and in large quantities, on these lands, lying in large masses on the 
surface, and indicating extensive beds of this valuable mineral. One 


15 


opening has been made near the mammoth coal hank, twelve feet into 
a vein, one foot in thickness, of the finest quality of iron ore. The 
other beds have not been explored^ 

Sandstone, limestone and fire-clay are also found contiguous to the 
iron ore, affording great advantages for the manufacture of iron. 

Isaac S. Clark. 

Sworn and subscribed, the { 

16th July, A. D. 1847. J 

Joseph Strong, Commissioner of Deeds. 


Analysis by the Franklin Institute, Philadelphia, Penn. 


Moisture, 
Volatile matter. 
Carbon, . . 
Earthy Matter, 


1.67 per cent. 
41.83 “ 

51.16 “ 

5.34 “ 


100.00 


Analysis by Dr. Clinton.—Coal from the Mammoth Vein. 


I have analyzed the sample of Cannel coal, and find it to contain 
the following: 


Carbon,. 

50.78 

Bitumen,. 

31.59 

Ashes, ..... 

15.02 

Water,. 

2.61 


100.00 

The specific gravity cf the sample was 1.250. 
The ashes are of a light gray colour, and consist 

principally of silica 

and alumina, tinged with oxide of iron. 


I tried the sample for sulphur, but found it to contain only a very 


small trace. 

James R. Chilton, M. D. &c. 


/ 


* 






16 

Coal from the Mastodon Vein. 


No. 83 Chambers Street. 


Dear Sir, — I have analyzed the sample of Cannel coal which you 
left with me. and find it to contain the following: 


Volatile matter, 1 Bitumen, 30.00 ) 

consisting of j Water, &c., 4.06 j 

Carbon in the coke, .... 
Ashes,. 


34.06 

50.81 

15.13 


100.00 

The ultimate analysis of the coal yielded the following: 


Carbon, ..... 73.21 

Hydrogen,.4.76 

Oxygen and Nitrogen, . . . 6.90 

Incombustible ash, . . . 15.13 


100.00 

The specific gravity of the coal is 1.252. 

It cokes very readily, and without materially changing its form. 

I tested the sample for sulphur, by experimenting upon 1,000 grains, 
but could only detect a slight trace. 

The ashes, which are light and rather bulky, consist principally of 
silica and alumina, with a small portion of oxide of iron. ^ 

Very respectfully, yours, 

James It. Chilton. 


Analysis of the Cannel coal by Professors Booth & Boye, Analytical 
Chemists, Philadelphia. 

Bituminous and other Volatile matter, . 40.05 

Carbon,.46.83 

Ashes, . . . . . . . 13.12 


100.00 

It leaves a whitish ash, and cakes in burning to a porous coke, 
amounting to 59.95 per cent, of the coal. 

James C. Booth, 
M. H. Boye. 


« 





17 


To the Board of Directors of the Callaway Mining and Manufac¬ 
turing Company. 

Gentlemen, —I have visited the Cannel Coal Mines and iron ore 
lands, in Callaway County, Missouri, purchased of Messrs. Clark & 
Snyder, and after a thorough and careful examination, I beg leave to 
submit the result of my observations. 

Deeming it to be of primary importance to determine as accurately 
as possible the extent of the Cannel coal beds, I directed particular 
attention to that subject, with a view to satisfy myself of the identity 
of the various strata lying contiguous to the coal at the places where 
it crops out, and that the coal forms a basin underlying the surface 
between the two principal openings. After careful investigation, I am 
satisfied that such is the case, and that the coal exists in vast quantities, 
probably sufficient to supply the Mississippi Valley for centuries; and 
in this opinion I am sustained by the certificate of Mr. David Percey, 
an experienced master miner, whom I employed to shaft the beds at 
different points, and to examine the superincumbent rocks and 
minerals. I also carefully explored the surrounding country, and I 
believe the coal is only accessable on the above mentioned lands. As 
it undoubtedly extends beyond the!? limits, however, I have thought 
it expedient to secure some adjoining tracts. 

The question next in importance is the practicability of mining the 
coal, and transporting it to market on terms that will afford ample 
remuneration for the use of the capital invested, after paying the 
expenses of conducting the business. The information which I have- 
collected under this head, at Frostburg, Pittsburg, St. Louis, and at 
the mines, enables me to say with confidence, that it can be profitably 
conducted, even on a modern scale, and with limited means, but that 
the profits would be much greater, in proportion, if conducted on an 
extensive scale, with a permanent outlay, adapted to an enlarged plan 
of operations. 

Over 6,000 bushels of coal from these mines have been wagoned to 
the landing, a portion of which was shipped to St. Louis in flat-boats, 
and the remainder was sold at the landing to steamboats running on 
the Missouri River, at a profit over expenses of mining and transporta¬ 
tion. If this can be done under these circumstances, it is safe to assert 
that the profits would be much larger if the mines were properly 
opened after a scientific plan of operations, and worked by experienced 
miners, and a rail-road and other facilities were provided for transport¬ 
ing the coal. 

* 


18 


I examined with particular care the ground between the two coal 
mines and the Missouri River, and more favourable routes for rail¬ 
roads could hardly be desired;—either of them would be entirely 
feasible with a branch road, to connect the" two mines, or for two 
independent roads; and it only remains for a competent rail-road 
engineer to determine the best plan to be adopted. I have taken 
measures to secure the right of way through the private lands on both 
routes, free of charge, and the charter provides for the remainder. 

The ground at the landing is admirably adapted for that purpose, 
and with a moderate expense can be so arranged as to discharge the 
coal from the cars directly into the boats; and it will be permanent, 
and not subject to overflow, as it is a rocky bluff, entirely above high 
water mark. The coal can be conveyed to St. Louis in steamboats, 
in barges towed by steam, or in flat-boats floated by the current, as 
experience may prove to be the most economical; and eligible yards 
and landings can be obtained at St. Louis on reasonable terms. 

The next question in importance, and the one on which the others 
depend, is the existence of a market which will warrant a large expen¬ 
diture, and extensive arrangements for mining and transporting the 
coal. On this point I am prepared, from information derived from 
reliable sources, to give an affirmative answer. From the returns 
made to the comptroller of St. Louis, of the quantity of Missouri and 
Illinois coal weighed at the city scales, it appears that the consumption 
of those coals in St. Louis, in the year 1846, was about 1,700,000 
bushels; and it is estimated that it will reach this year (1847) 
2,000,000 bushels, or about 70,000 tons, exclusive of the Pittsburg 
and anthracite coals, which, not being all weighed, cannot be accurately 
estimated, but it is supposed to make the entire consumption nearly 
100,000 tons, and the amount is annually increasing. Indeed, I was 
assured that all that is wanting to make St. Louis the largest manufac¬ 
turing city of the west, is an abundant supply of cheap fuel, of good 
quality, as in every other respect they can now compete with Cincinnati 
and Pittsburg; and notwithstanding the disadvantages they labour 
under, in this respect, their foundries and manufactories are rapidly 
increasing in number every year, 

I found the Cannel coal pretty extensively known in St. Louis, and 
highly approved wherever it had been tried, for foundry purposes, for 
raising steam, for making gas and for family use; and I was assured 
that if it was introduced in sufficient quantity, and sold at a reasonable 
and uniform price, it would almost entirely supersede the use of the 


19 


other coals, and great anxiety was manifested by foundrymen and 
others, to obtain it as early as possible. 

But St. Louis would by no means be our sole dependence for a 
market, though I believe that our utmost efforts for some time to come, 
would not enable us to supply the demand from that city alone. Many 
of the steamboats on the Missouri river have tested the coal, and are 
anxious to obtain it; the boats running up and down the Mississippi 
from St. Louis would also supply themselves whenever they leave that 
port, and the gas companies of St. Louis, Louisville and New Orleans, 
would find it for their advantage to use it in preference to any other 
coal. 

The numerous lines of ocean steam-ships which touch at New 
Orleans, afford still another large and increasing market for this fuel. 
They now use Pittsburg coal; but as these mines are about 600 miles 
nearer to New Orleans, the Cannel coal can be delivered there at less 
expense, and as it so much superior for the purpose, it would 
undoubtedly be used in preference, if placed there in sufficient 
quantities. 

The quality of the Missouri coal in the vicinity of St. Louis is very 
inferior, and cannot be used for smelting iron, owing to the quantity 
of sulphur, and other impurities it contains, and the Illinois coal is 
not much better. Owing to the inferior quality of these coals, they 
cannot be yarded or kept on hand in large quantities. They are 
brought to the city in wagons, a distance of from five to nine miles; 
and as the roads are almost impassible during the winter season, the 
supply is very irregular, and the prices fluctuating, and sometimes 
very high. 

The Cannel coal has been tested in various ways, and found to be of a 
superior quality, as will be seen by reference to the annexed certificates 
and analyses. It is harder and more compact than the English Cannel 
coal, and is susceptible of a high polish. Its fracture is conchoidal; 
it is free from impurities, and never slacks or crumbles when handled 
or exposed to the weather, and it is not liable to spontaneous combus¬ 
tion when piled in large masses, or stowed in the hold of a ship, like 
the ordinary bituminous coals; it produces a large volume of bright 
flame, with an intense heat; it consumes almost entirely, leaving only 
light ashes, similar to those made by hickory wood; it makes no dust 
or waste in mining or transportation, and is as clean to the touch as 
granite or marble. Its cleanliness is a peculiarity which distinguishes 
it from all other coals, renders it very desirable for parlour use, and 


20 


in connection with its qualities for raising steam, and its not being 
liable to spontaneous combustion, adapts it admirably to ocean steam 
navigation. 

I visited several places on these lands where iron ore of the best 
quality (red oxide) is found in large quantities. The beds have not 
yet been thoroughly explored, but there are indications of the existence 
of sufficient ore to warrant the erection of extensive works for the 
manufacture of iron. 

The veins can be traced for miles along the sides of the hills, and in 
the ravines in the direction of the veins. All the materials required 
to manufacture iron to advantage are at hand, and St. Louis affords a 
market at all times, and at prices yielding large profits. This branch 
of the business of the Company should be put into operation as soon 
as the coal mines are successfully opened. 

In conclusion, I have examined the title to the lands, and find it 
correct and free from incumbrances; I would therefore recommend its 
reception, and a compliance with the terms of the contract for the 
purchase of the lands; also the adoption of prompt measures for putting 
the business of the Company into early operation. 

Very respectfully, 

Tracy It. Edson, President. 


Camiel Coal Mines, Callaway County. 

This is to certify, that I found, upon the opening called the Mastodon 
bed, a shaft sunk to the depth of 46 feet, of solid Cannel coal of the 
best quality, and not reaching through to the bottom of the vein. On 
taking the dip, from the inclination of the layers in the shaft, I found 
it to be one foot in three; I then sunk a shaft 85 feet to the north¬ 
east, and reached the coal at the exact depth required by that dip: 
thus determining the direction and dip of the vein. I also found, at 
the opening known as the Mammoth bed, a shaft sunk to the depth of 
24 £ feet in solid Cannel coal, reaching through the vein where it crops 
out; and from excavations which I made to the southwest, reaching 
the coal, and as the associated rocks and minerals appear to be identi¬ 
cal at the two openings, I am satisfied it is a regular formation, 
underlying the lands between the two points. I also visited three 
other openings of Cannel coal, and two of blacksmith's or bituminous 
coal, one of which is 7 feet thick, all lying on your lands, and within 
the basin between the two large openings. 


e 



21 


I have been engaged in mining coal and iron ore for 27 years past, 
in Scotland and this country, and I never saw or heard of such exten¬ 
sive prospects of Cannel coal in any country. The last work I done 
in Scotland was on a vein of Cannel coal in Lennoxshire, of 22 inches 
in thickness. * 

The quality of the iron ore found on the lands and in the vicinity 
is excellent and can be obtained in large quantities; and there is 
abundance of limestone, sandstone and fire-clay contiguous to it, and 
water sufficient; and I am of opinion that iron can be manufactured 
here as cheaply as at any place I am acquainted with. 

Yours, respectfully, &c., 
David Percey, 

Master Miner, of Frosilurg, Md. 


From the St. Louis Intelligencer. 

RICHER THAN A CALIFORNIA “ PLACER.” 

It always affords us pleasure to call attention to the inexaustible 
mineral wealth of Missouri, which, after all, is hereafter to be the 
striking characteristic of the state. It is true that her soil is unsur¬ 
passed in fertility, and in agricultural wealth she will shortly compare 
favourably with the best states of the union. But it is in the extent, 
the variety and the richness of her mineral treasures, that Missouri 
excels by far, all the states of the union. Her iron is not only 
inexhaustible, but is found in such enormous masses as to render it 
one of the marvels of the world. Amongst the greatest natural 
curiosities of the earth, are the iron mountain and the Pilot Knob of 
Missouri. 

But almost incredible as are these immense deposits of iron, that 
indispensable article is not confined to these localities, but is found in 
various portions of the state, and often in close proximity (as in 
Callaway county) to the richest agricultural regions. Then we have 
rich and almost exhaustless mines of lead, copper, cobalt, nickel and 
other rare and valuable metals; and, to u cap the climax of her wealth,” 
she has coal mines of such marvelous extent and richness as almost to 
defy belief. Will our eastern friends credit us, when we assert that in 
Callaway County, almost upon the shore of the Missouri Biver, there 
is a stratum of the purest Cannel Coal, seventy-five feet thick, and 
covering an area of several miles in extent ? Will it also be believed, 
that in immediate proximity to this exhaustless bed of fuel, there is 
found iron ore of the best quality and in the greatest quantities ? These 


22 


are plain substantial matters of fact, of which no one can doubt who 
will read the following very interesting article from the Fulton Tele¬ 
graph. Let it be born in [mind, that these mineral treasures are 
found at a point very near the geographical centre of the state, imme¬ 
diately on the Missouri Liver, and just opposite the mouth of the 
Osage, one of the largest tributaries of the Missouri. 

Let it also be remembered, that they are found in the midst of a 
rich agricultural region, where provisions of every kind are cheap and 
abundant, and which will afford an extensive market for the products 
of these mines. When these facts are considered, it is evident that 
Callaway County contains within its borders a “Placer” far richer 
than any to be found in California. We predict that the time is not 
far distant when Callaway will have more actual substantial wealth 
than almost any county in the state, except St. Louis. When these 
mines are developed, lands in the vicinity will immediately appreciate 
in value, labor will be in demand, and capital will be attracted thither 
rapidly in large sums. It affords us; sincere pleasure to chronicle the 
progress of such enterprises. But we will not detain the reader longer 
from the article from the Telegraph. 


From the Fulton (Mo.) Telegraph. 

THE CALLAWAY MINING AND MANUFACTURING COMPANY. 

In company with Col. J. F. Jones and C. H. Hardin, Esq., of this 
place, we spent Friday and Saturday in a visit to the villages of Cote 
Sans Dessein and New Bloomfield, and the coal and iron mines of the 
Callaway Mining and Manufacturing Company. The country was 
new to us, and we saw much to admire, and returned much gratified 
with the trip, which had given us an insight into the great natural 
resources of our country. The land is generally of great fertility, 
and we passed many well cultivated farms, on one of which we saw a 
patch of thrifty growing cotton. The crops are very promising. 

We were, however, astonished at the extent and richness of the 
mineral resources of the country, and particularly of the lands belong¬ 
ing to the Callaway Mining and Manufacturing Company. This 
Company is composed principally of capitalists in Philadelphia and 
New York. It was chartered in 1847, and owns about 3000 acres of 
lands, lying mostly within five miles of the Missouri Liver at Cote 
Sans Dessein. They have ■ recently completed an examination to 


23 


ascertain the thickness and extent of their Cannel coal beds, and the 
result has satisfied us that these coal fields are without a parallel, and 
may be mined for ages without being exhausted. Geologists, we 
believe, determine the quantity, by the dip and thickness of the 
veins, and the extent of country the coal seems to occupy, from the 
various out-croppings. If this is so, we are safe in saying that a 
region of country several miles square, embracing all the lands of this 
Company, is entirely underlaid with Cannel Coal. At the “ Mam¬ 
moth Bank” it crops out in a bluff of some 200 feet in length, 
through which a shaft has been sunk, and the vein has been found to 
be 24 feet in thickness. The coal also crops out at various points in 
different directions, within a mile and a half from the mammoth 
bank, and it appears in large quantities; but at the u Mastodon 
Bank,” three and a half miles to the southwest, a shaft has been 
sunk, 11 feet square, to the depth of 88 feet, 75 of which is through 
a solid mass or stratum of Cannel coal, a thickness of vein without 
an equal in the world. Near the mouth of the shaft lay some 15,000 
bushels of coal, mostly in large blocks. 

The coal is of remarkable purity and free from any intermixture of 
lead, zinc or sulphur, and will, no doubt, supersede all other coals for 
foundries, for raising steam, for making gas, and for family use. Its 
properties for raising steam are pronounced to be superior to the 
English Cannel Coal, or indeed to any other whatever. 

The Company are actively engaged in connecting these mines with 
the river at Cote Sans Dessein, by railroad, the route for which has 
been located, and is five miles in length. The agent, Mr. Isaac S. 
Clark, has a large number of English and Irish labourers at work, 
and about two and a half miles of the track has been cleared and 
graded, and a saw-mill, placed about midway from the mines to the 
landing, is preparing the timber for the superstructure. We rode 
along the entire track, and found the ground well adapted for a rail¬ 
road, which, we should think, could be built at a comparatively small 
expense. 

The village of Cote Sans Dessein stands upon ground several feet 
above the highest floods of the river, and has an excellent landing. 
There is a large forwarding and commission business transacted at 
this place, for the surrounding country and for the country bordering 
upon the Osage Biver, nearly opposite to the mouth of which it is 
situated. It is over 600 miles nearer to New Orleans than Pitts¬ 
burgh, from whence that city is now mostly supplied with coal. 


24 


The Company have acquired; through their charter, about 22 acres 
at this point, for depots, agency, &c., which, together with their other 
lands extending to the river, embraces a large portion of Cote Sans 
Dessein Hill, which not only affords advantages for a landing place 
unequalled by any point on the river, but will furnish abundance of 
building materials for a large town, which will undoubtedly grow up 
there, as it contains extensive quarries of the buff-coloured sandstone, 
of which the State House at Jefferson City was built. From the 
evidence we saw, we are of opinion that iron ore, in great quantities, 
lies near their coal banks; and we have no doubt but the resources of 
the Company are quite as extensive in this as in the Cannel Coal. 
Within one hundred yards from the mammoth bank, iron ore of a 
rich quality appears on the surface. It is also found in immense 
quantities about 1£ miles west of the Mastodon bed, where it lies on 
the surface in great blocks, and at other points in the vicinity, on the 
lands of the Company. 

The object of the Company is the mining of coal, and the manu¬ 
facture of iron; and surely they could not desire materials of a richer 
quality or in greater abundance, or a more flattering prospect of / 
wealth, as the reward of the energy and enterprise required to de- 
velope these bountiful provisions of nature. 

These mines are 12 miles from Jefferson City, 17 from Fulton, and 
120 from St. Louis; and being, as it were, on the margin of our great 
river, there are the best facilities for reaching any market whatever. 

With such materials and facilities, this Company would evidently 
neglect the great advantages they have secured, were they not to 
urge forward with despatch this great improvement. 


I concur fully in all the facts and conclusions stated in the fore¬ 
going editorial, it having been my pleasure to visit the mineral lands 
of the Company, at the same time with the editor and Mr. J. F. Jones. 

C. H. Hardin. 


State of Missouri , Callaway County , ss.—I, Josias Dixon, farmer, 
residing near the mines in Callaway County, Missouri, known as the 
Mastodon Coal Mines, belonging to the Callaway Mining and Manu¬ 
facturing Company, have examined said mines, and found the prin¬ 
cipal shaft sunk to the depth of about eighty-eight feet. I also found 
drifts extending north and south, the direction ii which I suppose the 



25 


vein to run. The stratum of coal in said shaft is about 75 feet thick. 
I further state, that I have seen the same pure Cannel Coal, 'which is 
found in said shaft, cropping out at different places, several miles 
apart, around said mines, upon ths lands belonging to said Company. 
I also know of several different veins of Iron Ore in the vicinity of 
said coal mines, also on the lands of the Company, but what the 
thickness or extent of the iron ore is, I am not able to say, but I believe 
the iron as well as the coal is very extensive, if not inexhaustable. 

Josias Dixon. 


Subscribed and sworn to, before me, I 
this 24th day of June, 1851. j 

James D. McGary. 

Justice of the Peace in Caallaway County, 


State of Missouri , Callaway County , ss.—We, James Jefcot, John 
E. Crawford'and John Mills, miners, having been engaged in the 
mining business in England, were employed by the Callaway Mining 
and Manufacturing Company, in sinking a shaft at their coal mines 
in Callaway County, Missouri, known as the Mastodon Coal Mines. 
Said shaft was eleven feet square, and eighty-eight feet in depth. We 
found pure Cannel Coal, in said shaft, seventy-five feet thick; and 
drifts were run north and south, and east and west about thirty feet. 
We believe the said coal to be of the best quality and inexhaustable. 
This coal bank is about five miles from the Missouri River, at Cote 
Sans Dessein, to which place said Company is now building a railroad. 

James Jefcot, 

John E. Crawford, 
John Mills. 


Sworn and subscribed to, before me, j 
this 24th day of June, 1851. ) 

James D. McGary, 

Justice of the Peace in Callaway County. 


26 


Callaway County , June 17, 1851. 

This is to certify, that I have examined the coal bank in Callaway 
County, belonging to the Callaway Mining and Manufacturing Com¬ 
pany, and found a shaft sunk eighty-eight feet deep, seventy-five of 
which is through a vein of pure Cannel coal. They had tunneled 
eighteen feet south from the main shaft, and I saw no difference in 
the coal, which appears to be inexhaustible. This was in the fore 
part of May last. 

Given under my hand, the day above written. 

James L. Whittington. 


This is to certify, that I was called on by Mr. Clark, in company 
with Mr. Whittington, to examine the coal bank belonging to the 
Callaway Mining and Manufacturing Company, and found the veins 
of coal to be seventy-five feet thick, as said Whittington has stated. 

Given under my hand, this 17th day of June, 1850. 

John S. Langley. 


Sworn and subscribed to, before me, \ 
this 17th day of June, 1850. j 

James L. Whittington, J. P. 

Callaway County , Missouri. 



ANNUAL REPORT 

OF THE 

BOARD OF DIRECTORS FOR 1854, 

TO THE STOCKHOLDERS. 


The Board of Directors Report:—They commenced their operations 
in May, by appointing a Superintendant and Engineer, who after fully 
examining the topography of the Company’s lands, reported the im¬ 
provements made by the former board of no practical value, as they 
all tended to the outcrops over rugged land, instead of coming at the 
base of the hills, and working by drift from the Creek Valley, up 
which the rail road could be constructed at a small cost, in consequence 
of its natural adaptation, being nearly level for a distance of six 
out of the seven miles to be run; And in the process of mining, 
saving largely by working by drift, and allowing all the drainage to 
run into the creek, superseding the necessity of any machinery, or 
expense for pumping or hoisting out the coal. The new line of road 
being laid out, proposals were made for grading, bridging, crossties, 
laying the superstructure, &c., by responsible contractors, furnishing 
everything except the iron, and completing the road ready for use for 
$18,000, or about $2,500 per mile. This contract was concluded on 
the 26th of May, with the understanding the whole line should be 
completed in six months, unavoidable circumstances excepted. In 
July a spirited commencement was made, but little progress before 
the cholera cut short their operations; in three days some 23 of their 
number died, the rest became so alarmed the work was suspended 
until October, since which they have been progressing; as the low 
stage of the water in the Ohio river until after November, precluded 
the shipment of the rails before Spring, it was concluded the force 
upon the work need be only sufficient to complete it by April or May. 

By the Engineer’s report of the 12th January, they have about 
four miles of the road graded, the crossties for the road, and the 
timber for two of the bridges, and about one third enough for the 



28 


remaining bridge, on the ground, framed and ready to put up, also 
the trustle work for the 400 feet to be constructed; and the contrac¬ 
tor agrees to complete all, with the track ready for use, in 40 days 
from the arrival of the iron rails. The contract for the Rail was 
made at Wheeling, for a T Rail of 50 lbs. to the yard on terms 
considered favourable. Three Barges have been built, each capable 
of carrying 300 tons, upon which it is designed to transport the rail 
to the Company’s landing. All the requisite materials are in 
readiness, and with the opening of spring navigation will be for¬ 
warded, and the whole route of road will be completed, it is believed, 
by the first of May. 

The present condition of eht Company is as follows: 

Paid for lands, at organization, 5000 shares of 

Stock, par. - :.^ $250,000 00 

Paid for lands, subsequent, part cash & stock, at stock val. 142,000 00 
Cost of improvements to the present time, - - 105,895 23 

On hand, cash, car wheels, axles, &c., as per inventory, 15,363 48 

$513,258 71 

Present indebtedness,. 13,258 71 

✓ 1 
Amount of stock issued 10,000 shares - - $500,000 00 

The company have on hand for improvement fund, 5000 

shares, -. 250,000 00 

Total amount of capital,.$750,000 00 

Of the above lands about 300 acres are on the Missouri River, at 
Cote Sans Dessein, suitable and desirable as town lots. 

Late in the fall it was found necessary to have additional legislation, 
and an application has been made to the Legislature for such amend¬ 
ments to our charter as experience has shown to be required; the 
company’s agent writes: u no objection is made to the bill ” 

Examinations have been made with the view of determining the 
most suitable point to terminate our improvements. These examina¬ 
tions have developed deposites of coal heretofore unknown, and in 
apparent great magnitude, as the following report by the Engineer 
shows: “In a ravine in N. W .of Sec. 24, there are three openings 
about seven hundred feet apart; in the first the coal is over 32 feet 
thick, with a slate covering 8 feet thick, and dips, as do all of them, 
towards the hill, at about one foot in seven. In the upper opening 
three bores have been made into coal 45 feet thick, with a covering 





29 


of sand stone and slate 28 feet thick.” And the various outcrops 
along the ridges, for several miles N. E. and S. W. in regular range, 
indicates an extraordinary amount of coal. From calculations, an 
amount of over 300,000 tons of coal is bored into, and known to exist 
in a space of less than ten acres, or equal to about one hundred 
millions of tons in the company's lands. 

The ability of the company to supply the coal cannot equal the 
demand for years. From its pure quality, its free burning, entire 
freedom from sulphur, its hardness, and absence of any qualities 
which produce spontaneous combustion, renders it the most valuable 
article for family, steam or gas purposes, and upon its introduction 
will superceed all other coals with which it will come into competition. 
The high estimation in which it is held, appear from the accounts 
given the committee and agents while in St. Louis, as also from the 
following extract from the history of St. Louis for 1853. u St. 
Louis must become the great manufacturing point. Here the Iro(n 
Ore will be met by the Cannel Coal from the Osago. Experiments 
have shown that this coal can be substituted for charcoal without 
impairing the quality of the iron, and experienced Iron Masters are 
sanguine of making rails by the use of Cannel Coal direct from the 
ore, and of a quality for toughness and durability superior to any 
now in use/' The information received by the committee was, that 
our coal is held in the highest estimation for all purposes, and it 
would immediately superceed all others if a supply could be had; 
that advantageous, contracts could be made with responsible parties 
for all the coal we can get out. That a half million of tons could 
not supply St. Louis, and the consumption by steamboats would 
increase with the production. So that any amount of coal which this 
company may be able to get to market will meet with a ready sale, at 
a profit which cannot but exceed the expectations of the most sanguine 
friends of the enterprise. All that is wanted is a spirit of mutual 
confidence to put us forward. It is high time we should contribute 
our share of combustible material from our splendid coal fields, to 
drive the forge, plough the waters, and cheer the domestic hearth. 
Too much attention has been bestowed upon preliminaries; too little 
to the actual substance. The following made from careful data affords 
some idea of the value of our coal, and what this company may be 
in the course of a few years. 

Cost of mining, transporting to St. Louis including all expenses at 
St. Louis on 50,000 tons per annum, $1 15 per ton. 


30 


The price of Pittsburg Coal in St. Louis ranges from 18 to 30 cts. 
per bushel, and the Illinois Sulphurous Coal from 10 to 15 cts. per 
bushel. 

The Callaway Cannel Coal would be prefered to either, and can be 
Bafely placed at 18 cts. per bushel, or $5 per ton. 

A production of 50,000 tons per annum will yield a profit of 25 
per cent, on the Capital Stock of the Company. In addition to the 
Cannel Coal, the company have large depositos of Iron Ore of rich 
quality; also Bituminous Coal which Cokes readily; making it equal 
in value to Pittsburg Coal. 

The amount required to put all into active operation, very trifling 
exceeds the amount that may be produced in six months, and is small 
when compared with the outlays of companies generally; one hun¬ 
dred thousand dollars will undoubtedly put all into action, and only 
about one half will be required in six months, the balance in nine 
and twelve months. 

Cost of completing the road as per contracts, - - $64,897 00 

Equipments for transportation, mining, &c., - - 26,000 00 

Incidental,. 3,000 00 

$93,897 00 

The most practicable mode of raising the required amount, will be by 
bonds secured by mortgage on the lands and effects of the company, and 
redeemable in five years, bearing an interest of ten per cent. It is 
believed that dividends 1 on the stock held by the company, will be 
sufficient to pay off the mortgage at maturity. The ultimate success 
cannot be doubted. The sale of town lots at the landing, will no 
doubt yield a sum equal to the cost of all our improvements. As 
to the practical value of our Coal, or other lands, the natural effect of 
our operations will be to add largely to both, and appreciating the 
importance of our operations, either in a pecuniary point of view or 
otherwise, and with a feeling in the future of no less concern than 
perfect confidence; all that is wanted is the determination to make 
available that which we possess, and which can be readily done by a 
unity of action, and a determination of each to do his part. 

By order or the Board, Feb. 5th, 1855. 

Plans and Diagrams may be seen at the Companys Office, No. 1 
Forrest Place , (back of 55 South Fourth Street , Philadelphia.') 











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